Bangladesh has criticised the decision by the United States to cut trade privileges in the wake of a deadly garment factory collapse, insisting it had taken concrete action to improve safety.
President Barack Obama cut off long-time US trade benefits for Bangladesh on Thursday in a mostly symbolic response to conditions in the country’s garment industry that have cost more than 1,200 lives in the past year.
Sportswear producers such as Adidas are turning to Central America to complement China as a source for apparel as the region’s proximity to the US allows for quick turnaround of orders during peak seasons.
Eyeing to boost its garment and other textile items exports, the Government of Pakistan is exploring the prospects of Preferential Trade Agreements (PTAs) with various countries.
President Barack Obama on Friday signed three, and possibly the last of his administration, free trade agreements with South Korea, Colombia, and Panama, but skipped the Philippines proposed “Save Our Industries Act,” which the Aquino administration hoped to become a rider in one of these trade bills.
As the fifth round of talks on the Pak-US Trade Investment Facilitation Agreement (TIFA) began in Islamabad on Tuesday (20 September), Pakistani delegates have taken a tough stance to demand better trade arrangements with the US.
More than 50 lawmakers voiced concern Wednesday about opening the US market to Vietnam’s textiles under a proposed Pacific Rim trade pact, saying the move would devastate the domestic industry.
The Dominican Republic-Central America-United States (CAFTA-DR) Free Trade Commission has approved several changes to CAFTA-DR rules of origin that are expected to benefit the Western Hemisphere textile/apparel supply chain.
The Dominican Republic-Central America-United States Free Trade Commission held its first meeting last week in El Salvador and approved several changes to CAFTA-DR rules of origin
Five organizations representing interests of the US textile industry have sent a letter to members of Congress urging defeat of the pending US-Korea Free Trade Agreement, and a campaign has begun to include the voices of the wider community in a grassroots expression of opposition to the treaty.
U.S. lawmakers have asked for a revision to the textile clause in the free trade agreement (FTA) signed with South Korea in 2007, congressional sources said Friday.
Mufardi Rusli’s neighbors hunch over tables covered in brightly colored fabric, the whirring of their sewing machines echoing across his Jakarta neighborhood. For Rusli, the sound is a bitter reminder of the $2 line of jackets that bankrupted him, costing him a garment business it took 15 years to build.
The US National Textile Association is worried that the Trans-Pacific Partnership agreement could undermine the basis for textile rules of origin in US FTAs and that if more APEC members join the US will be outvoted.
Indonesian Trade Minister Mari Elka Pangestu on Monday dismissed criticism that she had been slow to respond to concerns about the Asean-China Free Trade Agreement, insisting the ministry has been engaged in “informal communications” about the deal with Asean.
It is normal for trade agreements to have a political overtone. The Free Trade Agreements (FTAs) initiated by the USA during the 1990s are a good
example of this. Its FTAs with Caribbean, South American, North American and African countries covered ‘substantially all the trade’ as required under the WTO norms, but in practice they were all textile-centric , providing for duty-free import of apparel products manufactured out of raw materials obtained from the USA.
Bowing to pressure from textile producers, Indonesia’s Industry Ministry has agreed to reassess the costs and benefits of the China-ASEAN free trade agreement, and may even propose a postponement.
At a hearing on proposed free trade negotiations with countries in the Trans-Pacific Partnership area (TPP), the US National Council of Textile Organisations opposed the proposed inclusion of Vietnam in the negotiations and said the textile industry would oppose any agreement that included Vietnam.
Some garment factories in Jordan’s Qualifying Industrial Zones (QIZ) are relocating to other countries because of high production costs
The proposed free trade agreement (FTA) between India and Australia could result in better market access for labour-intensive Indian exp
orts including textiles, clothing and footwear where existing tariffs are high in Australia. While the sectors are perceived as “sensitive” in Australia, the country believes in elimination of tariffs on all sectors in its FTAs, Australian trade officials say.
Policy paralysis in the Southern African Customs Union (Sacu) is compounding problems for the region’s struggling clothing and textiles industry.